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Property profile & analytics
OFF-MARKET
Estimated value
$2,880,000
Office buildings
1209 1st Ave Phoenix, AZ 85003-2605
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3286364
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE
Total area
10,188 SF
Lot
0.44 ac (19,011 SF)
Zoning code
R-5
APN
112-35-080
UPID
US07-3286364
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Howard K. Mason, MD Physician
-
Marleigh C. Parker, LPC Counselor
-
Dr. Eduardo Alcantar Medical Clinic
-
Duran Brothers Air Duct Service HVAC Service
-
The DiggyDoc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.88M
Owner & transaction history
Valle Del Sol INC · 4 yrs held
Valle Del Sol INC
since 2022
5 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+40.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,055,000
Current use
AUTO REPAIR, GARAGE
$4,305,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$3,035,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$2,705,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$2,645,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,595,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.88M
Range $2.59M – $3.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$283 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,174
Tax year 2023
Assessed value
$274,170
Assessed 2024
Previous assessed
$274,170
+0.0% YoY
Effective rate
0.43%
On assessed value
Land market value
$296,400
Improvement market value
$1,531,402
Total market value
$1,827,802
Applied tax rate
11,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
10,188 SF
Lot
0.44 ac (19,011 SF)
Zoning code
R-5
APN
112-35-080
UPID
US07-3286364
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$4.3M
RETAIL STORES
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Valle Del Sol INC
Entity
Mailing address
3807 N 7TH ST, PHOENIX, AZ 85014-5005
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
Valle Del Sol INC
—
Deed
related
$1,000,000 · Comerica Bank
Mar 18, 2022
—
Valle Del Sol INC
Primer Paso LLC
Special Warranty Deed
$2,500,000 · First Fidelity Bank
Jun 5, 2008
—
Primer Paso LLC
Owner Name Unavailable
Grant Deed
related
—
Aug 1, 2006
$3,500,000
Primer Paso LLC
Valle Del Sol INC
Deed
$770,004 · Wfc Holdings Corp
—
—
Valle Del Sol INC
—
Deed Of Trust
related
$116,476 · Phoenix City (az)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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